News and Intelligence for the Development Finance Industry
Turkven’s Türkiye-focused private equity fund TPEF V is targeting $400 million in commitments, as the firm looks to back mid-market companies exposed to digital growth and hard-currency revenues. Dutch development bank FMO is considering a commitment to the fund at first close, according to disclosure documents. The size of FMO’s proposed investment was not disclosed. … Read more
French development finance institution Proparco has signed a memorandum of understanding with pan-African conglomerate Atlantic Group to explore financing and operational support for projects spanning financial services, agribusiness, cement and mining across Africa. The agreement, signed during the Africa Forward Summit in Nairobi on May 11-12, sets a framework for a long-term partnership between Proparco, … Read more
The International Finance Corporation (IFC), a member of the World Bank Group, is considering a potential equity investment of up to $25 million in Virunga Africa Fund II, a planned $500 million growth equity vehicle targeting mid- to large-cap African companies in sectors including healthcare, education, digital infrastructure, financial services, and consumer goods. The fund … Read more
Acumen is targeting $80 million for a Pakistan-focused climate and agribusiness private equity fund that deploys a blended capital structure to back early- and growth-stage companies, according to project disclosures seen by DevFiNews. The vehicle, Acumen Climate Action Pakistan Cooperatief U.A. (ACAP), is designed with around 66.25% senior equity and at least 33.75% junior equity, … Read more